Reinsurance News
France
French insurance sector stabilises, but political uncertainty looms: Moody’s
18th November 2025
Moody’s, the credit rating agency, has revised its outlook on France’s insurance industry, signalling a shift to stability in the property and casualty (P&C) segment while maintaining a stable view on the life insurance sector. The agency notes that profitability across the P&C market is beginning to recover as premium increases ... Read the full article
France’s insurance sector expected to maintain profitability and growth in 2025: S&P
26th June 2025
According to a report released by S&P Global Ratings, a provider of credit ratings, the French insurance industry is well positioned to sustain both profitability and moderate growth over the coming years. Despite economic headwinds and rising claims costs, the sector continues to demonstrate adaptability, supported by prudent financial management and ... Read the full article
French insurers’ ratings unaffected by France’s negative outlook revision, says Fitch
29th October 2024
The recent negative outlook revision for France does not impact the ratings of French insurers, except for CNP Assurances SA, which has also had its outlook revised to negative, according to Fitch Ratings. CNP's revised outlook aligns with a similar action taken for La Banque Postale S.A. (LBP), as CNP is ... Read the full article
AnaCap enters exclusive talks to acquire Cleva from Inetum
3rd July 2024
AnaCap, a private equity investor specialising in collaborations with founders and entrepreneurial management teams across services, technology, and software in the European financial sector, has entered into exclusive negotiations to acquire the insurance software provider Cleva from Inetum Group. This will be AnaCap’s second major investment in 2024, following the acquisition ... Read the full article
French insurers’ ratings remain stable amid ongoing political uncertainty: Fitch
2nd July 2024
Fitch Ratings, a financial analysis and credit rating agency, reports that the political uncertainty in France, stemming from President Emmanuel Macron's call for an early parliamentary election, has not impacted the ratings of French insurers. Although a potential increase in sovereign-related risks might challenge certain factors influencing insurers' ratings, most insurers ... Read the full article
Cyber insurance growth to shift to non-US markets by 2030: Howden
1st July 2024
Howden, the insurance intermediary group, has released its fourth annual cyber report, "Risk, Resilience and Relevance," noting market stabilisation last year due to improved cyber hygiene following a surge in ransomware claims in 2020 and 2021. According to the report, carriers and brokers have made notable strides in enhancing price stability, ... Read the full article
Bloomberg reports UK insurance market upheaval with Allianz and AXA rate increases
27th June 2024
The insurance market in the UK is experiencing significant upheaval as Allianz and AXA, two global insurers, implement substantial rate hikes, according to a recent report by Bloomberg Intelligence (BI), a provider of financial analysis and research. Compared to other European markets, the price increases for personal lines in the UK ... Read the full article
AM Best maintains negative outlook on France’s non-life insurance segment
22nd May 2024
Global credit ratings agency AM Best has confirmed that it is maintaining its negative outlook on France’s non-life insurance segment, citing a number of factors, such as: modest real top-line growth on an inflation-adjusted basis, inflation impact on profitability in light of strong competition, and volatility sustained by the upsurge ... Read the full article
Riots in France expected to pose ‘manageable’ losses for insurance industry: DBRS Morningstar
6th July 2023
The total insured losses resulting from the riots in France are expected to remain manageable for the country's insurance industry, according to DBRS Morningstar. This assessment is based on two factors: the existence of reinsurance coverage and the partial liability of the French state for some of the losses. The report suggests ... Read the full article
AM Best maintains Negative outlook for French non-life insurance amidst stagnant growth
23rd June 2023
AM Best is maintaining a Negative outlook for the French non-life insurance segment due to stagnant top line growth, increasing inflation and interest rates impacting profitability, and higher costs and volatility associated with natural catastrophes. The French non-life insurance segment is facing a challenging environment with stagnant or contracting premium levels ... Read the full article
France and Germany experience sharp rise in civil unrest incidents: Chaucer
23rd June 2023
France and Germany witness substantial increases in civil unrest incidents, with France experiencing a staggering 55% surge and Germany reporting a 13% rise in social unrest during the first quarter of 2023 compared to the same period in 2022, according to a report by specialty re/insurance group Chaucer. The study conducted ... Read the full article
French insurers to face increased drought claims, a credit negative: Moody’s
10th May 2023
French property and casualty (P&C) insurers are currently facing credit negative increase in drought losses this year amid forecasts of prolonged warm and dry weather. On 24th April, the French meteorological service Meteo France said it saw a 50% chance of above-average temperatures in the summer of 2023. It also said ... Read the full article
European life insurers face potential losses from bond portfolio lapses: Moody’s
21st April 2023
A new report by Moody's highlights that European life insurers are at risk of significant unrealised losses on their bond portfolios due to higher interest rates. The risk of mass savings policy lapses, if customers switch to higher-yielding bank products, could force insurers to sell bonds at a loss, Moody's said ... Read the full article
Global business insolvencies expected to rise in 2023, 2024: Allianz Trade
17th April 2023
Global business insolvencies are expected to rise +21% in 2023 and +4% in 2024, after a small rebound by +2% in 2022 after two years of decline due to the pandemic, according to Allianz Trade. The trade credit insurer noted global business insolvencies might stay -5% below their pre-pandemic levels ... Read the full article
French earnings diverge between life & non-life: Fitch
4th April 2023
Analysts at Fitch Ratings have estimated that the operating profits of French insurers increased by around 3% in 2022, despite broadly flat premium income, although the life and non-life segments showed diverging trends in their results. Fitch observed strong growth in life operating earnings that reflects higher technical margins, due to ... Read the full article
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